Lüt and Safe Harbor partner to expand access to compliant closed-loop payments for cannabis and specialty merchants
Lüt, a new financial ecosystem built for accessibility, reliability and growth with a first-of-its-kind closed-loop digital payments platform for cannabis and other high-risk industries, has announced its new partnership with leading financial services provider Safe Harbor to address one of the cannabis industry’s most persistent challenges: compliant and reliable payments.
Through the collaboration, Lüt becomes a Safe Harbor Advantage Partner in closed-loop payment, expanding access to compliant, guaranteed-funds digital payments for cannabis and specialty merchants.
The partnership brings together Safe Harbor’s compliance-first banking solutions with Lüt’s closed-loop payment technology, called Lüt Reserve, that operates outside of traditional card networks and ensures funds are authorized and held in advance.
